Public Storage (PSA) Net Margin (2009 - 2026)
Public Storage's Net Margin came in at 22.86% for Q3 2026, down 14.84 percentage points from 37.70% a year earlier and down 13.66 percentage points from the prior quarter.
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Analysis
Public Storage (PSA) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Public Storage reported Net Margin of 33.71%, down 1.67 percentage points year-over-year; for FY2025, it came in at 32.87%, down 7.01 percentage points from FY2024.
- Net Margin has declined in each of the last three years, with a five-year change of -4.81 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 39.88% in FY2024 (-3.25 pp), 43.14% in FY2023 (-55.91 pp), 99.05% in FY2022 (+48.33 pp) and 50.72% in FY2021 (+13.04 pp).
- The Q3 2026 figure represents the lowest quarterly Net Margin since Q2 2010.
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -1.14 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q3 2022 (a gain of 199.82 percentage points), and the weakest in Q3 2023 (a drop of 200.01 percentage points).
- Business Quant data shows PSA's Net Margin at 36.52% (Q2 2026), 39.15% (Q1 2026) and 37.59% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.70 Bn | 166.77 Bn | 1.47 Bn | 10.67% |
| 2 | Prologis | 122.17 Bn | 120.56 Bn | - | 34.17% |
| 3 | Simon Property | 80.16 Bn | 78.26 Bn | - | 27.50% |
| 4 | Public Storage | 62.28 Bn | 61.73 Bn | 112.08 Mn | 22.86% |
| 5 | Realty Income | 56.35 Bn | 57.74 Bn | - | 24.91% |
| 6 | Ventas | 47.42 Bn | 46.59 Bn | -3.39 Bn | 3.57% |
| 7 | Ryman Hospitality Properties | 47.10 Bn | 45.93 Bn | 266.41 Mn | 6.13% |
| 8 | Vivmark Residential | 37.16 Bn | 36.91 Bn | - | -61.52% |
| 9 | Extra Space Storage | 33.05 Bn | 32.83 Bn | 650.96 Mn | 27.84% |
| 10 | Vici Properties | 27.32 Bn | 26.10 Bn | 1.06 Bn | 32.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.86% |
| Jun 30, 2026 | 36.52% |
| Mar 31, 2026 | 39.15% |
| Dec 31, 2025 | 37.59% |
| Sep 30, 2025 | 37.70% |
| Jun 30, 2025 | 25.72% |
| Mar 31, 2025 | 30.28% |
| Dec 31, 2024 | 47.93% |
| Sep 30, 2024 | 32.05% |
| Jun 30, 2024 | 39.92% |
| Mar 31, 2024 | 39.68% |
| Dec 31, 2023 | 33.59% |
| Sep 30, 2023 | 49.24% |
| Jun 30, 2023 | 47.18% |
| Mar 31, 2023 | 42.73% |
| Dec 31, 2022 | 33.31% |
| Sep 30, 2022 | 249.25% |
| Jun 30, 2022 | 58.46% |
| Mar 31, 2022 | 47.68% |
| Dec 31, 2021 | 60.38% |
API Access
Public Storage Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=PSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "PSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=PSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();